Member Info for deeko

Zengas,

After spending the last few days researching JSE, I'm back in.

Unit cost currently $32 per boe, drops to 27 per boe with Skua 11 online at 3000 boe. 2026 full year revenue unto $610 million with Skua at 3000 boe. V.low debt levels and a pipeline of projects.

I think you are right in the sense that they have begun to turn the corner, the share price meanwhile will be like trying to 180 degree turn an oil tanker. Happy enough to load up here and wait.

Tyrus's special situation fund also seem to be hunting 'Deep Fu@*ing Value' rather than any other motive. They seem to have the boardroom with near 30% and given their strategy is to drive massive value growth I'm not concerned anything untoward is going on. Whilst not everyone's motivation in investing, I'm also speculating that a special dividend may arrive in the near/mid term. $10-$20 million with a measly market cap is a significant carrot I'll be happy to wait on.

In for 200K, will slowly add if the price drifts

Yeah weird one, bid and ask still showing as 69 and 70? Chances of seeing this at multiples of today's SP in a year are very high imo. Either way though, I'm always happy to see the dead wood leave. With CPR news, Inpex news etc due in the next 1-6 weeks I personally be loading up on any weakness.

I'll happy shift my portfolio around to take many, many many more of these if the right price is offered.

Yeah I'm honestly not sure what he brings to the table, I wasn't a big fan of him at Faroe and certainly not a fan of him now. I'll be voting against him at the next AGM.

Completely agree with the points raised — solid presentation and a good reminder of the scale of what SEA is building.

What caught my attention was how sheepish they were when talking about inorganic growth... almost like something might already be in motion. Wouldn’t be surprised if they’re lining up a production deal. IMO, one small-sized acquisition (1,000–2,000 boepd - Jadestone have done this previously so no doubt these guys won't) will be the trigger institutions have been waiting for.

They also hinted pretty clearly at adding more assets in 2025, can't help but feel something is in the pipeline

Feels like it’ll only take one fund to wake up to this and start buying in, especially now that there’s a solid train of asset to justify it.

Mommur, I was actually thinking this. Not even for the assets but for James, Nick and Piere's deep connections. I would be very disappointed to see this taken out but it does feel like Serica could come along and snap this.

Here's to hoping they don't because I want my £10 per share

Institutions will be along shortly. Once that starts to build... which it will, we'll be off to the races

There was plenty that sold out at 17p, 20p, 25p,30p,40p etc

let them sell, it's just a natural part of the market, but for me these will be worth multiples of todays Mcap so I'll wait around for that.

All the best to those that left

Just need that production deal now!

Sounds like they are being cautious around the production side but I just have a feeling these guys have aces up their sleeve

Great news in't it.

Add in DEWA at 5k boepd and Kertang and a further 20k boepd and little old Seascape has potential for 45,000 boepd. Mental.

Easily at £600 million MCAP company to be built here

Wonder when the institutions will start flooding in.

Alistair Bruce must be fuming seeing this in the 50's. Wait till it hits the £1's

Certainly is. To hear that they expect the 42 MMboe to potentially double in this block alone is fantastic.

The only growth share to be in right now IMO. Can see this hitting the £300-£500M MCAP in the future

I'd estimate $50 - $80 million net to SEA in Tranches of 2 or maybe 3 development phases. That's from the numbers provided in the presentation.

Plateau production of 100 MMscf will bring in revenue of between $67,000,000 and $137,000,000 per annum net to SEA based off the low and high range gas price.

Don't blame you Zebbo! I'm continuing to buy in small tranches and sit on hands when I can. Silly value proposition here

Out of curiosity, does anyone on this board have a job? or a hobby?

I check in once a day and it's the same old guff. Shorters this... Going down to X that. There never seems to be a well thought out post r.e. where the company is heading and why.

14p feeling cheap though regardless. The interim CEO is starting to appear like a wet tissue though, does the man have a vision?

Synergies would be my number one question?

Menzies - 'We contacted Enquest to see if they wanted to join us with DEWA. The CFO used to be my CFO, we have a great relationship'

I'm feeling comfortable. Guess I'll continue buying whilst we are below 20p

As a side note, it's interesting how well connected James is in the region. 'We went to Enquest'

Sounds to me like it's done. Just waiting on signing day which I'm assuming they expected would be at latest today... in the words of Menzies 'there timeline isn't ours'

Hmmm they're back now :/

Yeah seems mine was also removed.

All I said was its annoying that I can't find them on google

Also, I've finally reached my target of 300,000. Still tiny compared to some holders here but I'm happy with my holding.